If your tax return is based primarily on the W2 form you get for wages, tips and salary from your employer, there’s not much wiggle room. You can take the deductions you’re entitled to, but chances for savings are slim.
That’s not the case for big corporations, though. Allan Sloan, senior editor-at-large for Fortune Magazine and frequent Marketplace contributer, talks to host David Brancaccio about how our strange U.S. tax code makes it possible for some companies to legally avoid paying hundreds of millions of dollars.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.